Bakery chain Greggs has announced it is forced to increase prices of popular breakfast items due to inflation. The company said it was planning on implementing the changes "soon" with product prices set to increase by up to 10p.
Roger Whiteside, who will step down as Greggs’ chief executive on Tuesday, said in an update to shareholders that the business is in the process of working out its latest potential price increases due to cost inflation.
He said: “At the start of the year we made some increases and then, when the reduced rate of VAT went back to normal, we had to add that back onto prices where we’d been able to pass the reduction to customers during Covid.
